Authorizing a contract with the Rehabilitation Loan Corporation which authorizes the expenditure of $772,000.00 of loan repayment funds for administrative costs of the Rehabilitation Loan Program and the Maintenance Reserve Program.

Authorizing a contract with the Rehabilitation Loan
Corporation which authorizes the expenditure of $772,000.00 of loan repayment
funds for administrative costs of the Rehabilitation Loan Program and the
Maintenance Reserve Program.

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

Section 1. That the Director of Housing and
Community Development is hereby authorized to enter into a contract with the
Rehabilitation Loan Corporation which authorizes the expenditure of $772,000.00
of loan repayment funds for administrative costs of the Rehabilitation Loan
Program and the Maintenance Reserve Program during CDBG Year 19. A copy of the
contract, in substantial form, is attached hereto and is hereby approved.

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I hereby certify that there is a balance, otherwise
unencumbered, to the credit of the appropriation to which the foregoing
expenditure is to be charged, and a cash balance, otherwise unencumbered, in
the treasury, to the credit of the fund from which payment is to be made, each
sufficient to meet the obligation hereby incurred.